Chicago corn futures edged higher on Wednesday, though gains were capped amid signs of ample global supply as U.S. farmers race to finish harvesting their crops. FUNDAMENTALS. * The most active corn futures on the Chicago Board Of Trade were up 0.2% at $5.18 a bushel, as of 0155 GMT, having closed 0.9% lower in the previous session when prices hit a one-week low of $5.12-3/4 a bushel.
* U.S. corn, soy crop ratings improve as harvest gets going. * Dollar rally adds to export worries after storm disruption. * Soybeans climb after reaching three-month low. By Christopher Walljasper. Chicago corn eased for a fourth session on Tuesday as harvest progressed in the United States, pressuring supplies, while a rallying dollar and lingering storm disruption cooled export sentiment.
WINNIPEG, Manitoba--The ICE Futures canola market was mixed on Tuesday, with a small loss in the nearby November contract and gains in the more deferred positions. Strength in Chicago Board of Trade soy complex provided some spillover support for canola, with European rapeseed futures hitting fresh contract highs overnight. Ongoing uncertainty over the size of this year's canola crop also remained supportive, with many traders of the opinion that the actual production will...
Commodity markets face a period of intense volatility as they grapple with the effects of the pandemic, uncertainty over macroeconomic policy and supply chain disruption, the chief executive of Louis Dreyfus Company said on Tuesday.
WINNIPEG, Manitoba--The ICE Futures canola market was mixed at midday Tuesday, with losses in the front months and a firmer tone in the more deferred positions. Hedge pressure and long liquidation by smaller speculators accounted for some of the declines in the nearby contracts, according to a trader. On the other side, a move to fresh contract highs in European rapeseed futures overnight and a recovery off of nearby lows for Chicago Board of Trade soyoil provided some underlying...
WINNIPEG, Manitoba--Intercontinental Exchange canola futures were narrowly mixed on Tuesday morning, as small gains in the Chicago soy complex provided little direction. There are more significant increases in European rapeseed, but Malaysian palm oil slipped back a little. Following overnight frosts in parts of the Prairies, daytime temperatures are forecast to improve into the low 20 degrees Celsius.
Louis Dreyfus Company on Tuesday reported a sharp rise in first-half profit, in another sign that mounting commodity prices and strong demand for staple crops are boosting earnings for international merchants.
Iowa-based farm services provider NEW Cooperative Inc said on Monday its systems were offline to contain a "cybersecurity" incident just as the U.S. farm belt gears up for harvest.
WINNIPEG, Manitoba-- The ICE Futures canola market was lower on Monday, as broad weakness in most outside financial and commodity markets sparked by default concerns at a Chinese real estate company spilled over to weigh on prices. Chicago Board of Trade soyoil futures fell to their lowest levels in three months, which contributed to the declines in canola. Seasonal harvest pressure was another bearish influence, although concerns over the size of Canada's drought-stricken...
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